We have got a coin that didn't increase that much with the recent Bitcoin upward movement and it has been in a symmetrical triangle formation almost 5 months. Now MTL has slowly increasing volume , neutral RSI and MACD indicators. Aroon indicator is close to cross bullish and give us a nice signal in the near future. We can wait until it hits the dynamic support line of this triangle or buy now and wait for it to move upwards or buy the breakout of symmetrical triangle(It is up to you how you trade). I am personally waiting for it to hit the lower line of the triangle and buy if it manages to bounce from there however it might just straight go up to the resistance line for a breakout possibility. So we just need to watch how MTL moves and buy when it looks like a good opportunity.
Trade active:
Buy entry filled @0.00044.
Target 1:0.00048(It actually reached this target, I couldn't get on my computer when I bought and it bounced)
Target 2:0.000535
Target 3:0.00056
Target 4:0.0006
Stop loss:41000 satoshi.
Target 1:0.00048(It actually reached this target, I couldn't get on my computer when I bought and it bounced)
Target 2:0.000535
Target 3:0.00056
Target 4:0.0006
Stop loss:41000 satoshi.
Trade closed: stop reached